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American Alphabet Inc., a Google holding company, increased its quarter-quarter sales in the second quarter of 2018 due to an increase in ad revenue, net profit having dropped 9%. 19659002] Alphabet results far exceed market expectations
As reported in the Alphabet news release, its net income fell to $ 3,195 billion in April-June, or $ 4.54 per share , compared with $ 3,524 billion, share for the same period in 2017, when Google also faced EU sanctions against Google intends to appeal this decision, although that is not the case. it carried out appropriate write-offs during the second quarter report. Excluding a fine, Alphabet's earnings would be $ 11.75 per share – $ 2 more than analysts surveyed by FactSet ($ 9.64).
The company's revenues in the last quarter increased by 25.6% from $ 26 to $ 32. Growth excluding currency fluctuations was 23%
Analysts surveyed by FactSet averaged profits Alphabet at $ 9.28 per share for revenue (without TAC ) at $ 24.36 billion of dollars.
According to eMarketer, this year Google will control 31% of the global ad market – just below 31.7% recorded in 2017.
Operational Profitability of the Alphabet Investments in Action reported $ 1.06 billion to the company, an increase that reflects changes in accounting rules.
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